Home Equity Loans & Lines of Credit

Unlock the Equity in your home!

What will you do with the Equity in your home?

Your Home Can Fund… Fun Times. Home Fix-Ups. Whatever you can Dream Up!


Home Equity Line of Credit

You’ve put a lot of money into your house...It’s time for it to return the favor. A Home Equity Line of Credit can help you take a vacation, send your kids to college, fund major purchases or consolidate those high interest credit cards. No matter where you have your home loan, we can help. Plus, we offer quick credit decisions, low closing costs and flexible payment options. You may also benefit from interest that may be tax-deductible. Enjoy hometown service for the life of the loan.

Home Equity Loans

Unlock the equity in your home! A Home Equity Loan puts the equity in your home to work for you. You can use the funds for almost anything - consolidate debt into one lower monthly payment, make home improvements, go on that dream vacation; buy a new car or fund a major purchase. Benefit from fast, local decision-making and approval. Rates on home equity loans tend to be significantly lower than rates on credit cards so this can be a more economical option than paying with plastic. Enjoy hometown service for the life of the loan.
Features of this loan
  • Revolving Line of Credit available when you need to borrow
  • Affordable Monthly Payments
  • Low Closing Costs
  • Easy access to funds with equity checks,
  • Online Banking, Mobile Banking or bank assistance
  • Loan for one-time expenses
  • Consistent Monthly Payments
  • Low Closing Costs
  • Know when your loan will pay off
Introductory Rate 3.99% Annual Percentage Rate for 1 year* No Introductory Rate
Interest Rate Variable Rate Based on Wallstreet Journal Prime Rate (Margin may apply) Fixed Rate
Discount for Automatic Payments Yes N/A
Terms Draw/Repayment Period:
10 years to draw and repay
5, 7 or 10 Year Terms, Fully Amortized
Payment Options Choose From: Interest Only OR Principal and Interest**
Only pay interest on the amount you use
Principal and Interest
Minimum Monthly Payment $50.00 N/A
Minimum Draw $100 N/A
Closing Costs $299, Bank pays third-party fees including appraisal $299, Bank pays third-party fees including appraisal
Tax Deductible Interest may be tax deductible, consult your tax advisor Interest may be tax deductible, consult your tax advisor
Pre-Payment/Early Payoff Penalty None None
Conversion Option Convert the outstanding line balance to a fixed rate, fixed payment. N/A
If you have any questions about a Home Equity Loan or Line of Credit, please call us at 888.206.2730.  For a payoff quote or to close your Home Equity, please call us at 573.761.3664 during regular business hours or send an email to Loan Admin
Home Equity Loans & Lines of Credit: Subject to credit approval. Minimum loan amount of $10,000 or more. Loan-to-Value (LTV) rules apply. Contact bank for details. Property insurance required. *Home Equity Lines of Credit only: Introductory rate of 3.99% Annual Percentage Rate (APR) will be fixed for 12 months. The current rate that would have applied is 3.25% APR. The APR, after the introductory period may vary and will not exceed 20% APR. APR is based upon the rate published in The Wall Street Journal Money Rate table. Prime was 3.25% as of 3/15/2020. Consult a tax advisor regarding deductibility of interest. Homes Equity Lines of Credit are only available in Missouri and Illinois.**Principal and Interest payments are based on 1.5% of the principal balance at the end of each statement cycle, not fully amortized payments.